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SHELBY, IA 51570

Real Estate Market Report  ·  Shelby County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
1
20% pending ratio
Median Price
$279,500
⇧ 99.6% vs $140,000 last year
Average Price
$282,125
⇧ 101.5% vs $140,000 last year
Days on Market
85
⇧ 37.1% vs 62 days last year

Market Context

Population: 974  ·  Density: 5.9/mi²  ·  Median household income: $65,089

Typical home value: $163,425  ·  Homeownership: 69.9%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SHELBY, IA real estate market (51570) currently shows 5 active listings, with 1 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 85 days on market compared to 62 days last year.

The median listing price has risen 99.6% year-over-year, from $140,000 to $279,500.

Whether you are buying or selling in SHELBY, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 2 last year
  • Days on market: 85 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $279,500 (+99.6% YoY)
  • Average: $282,125 (+101.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.8 miles — 131 listings ($34,611,776 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51570Shelby, IA 515700.0 mi5$1,410,625$279,500$282,125
51563Persia, IA 515637.9 mi3$291,000$97,000$97,000
51565Portsmouth, IA 515659.1 mi2$860,000$430,000$430,000
51537Harlan, IA 5153712.1 mi26$6,679,530$225,000$256,905
51578Westphalia, IA 5157814.0 mi1$140,000$140,000$140,000
51576Underwood, IA 5157616.3 mi2$679,900$339,950$339,950
51552Marne, IA 5155218.1 mi4$863,868$209,000$215,967
51525Carson, IA 5152520.0 mi2$574,000$287,000$287,000
51542Honey Creek, IA 5154220.6 mi3$2,925,000$975,000$975,000
51527Defiance, IA 5152721.9 mi2$490,000$245,000$245,000
51446Irwin, IA 5144622.3 mi1$35,000$35,000$35,000
51555Missouri Valley, IA 5155523.6 mi29$9,208,312$232,400$317,528
50022Atlantic, IA 5002224.8 mi51$10,454,541$191,000$204,991

Frequently Asked Questions

How many homes are for sale in SHELBY, IA 51570?

As of January 2026, there are 5 active listings in SHELBY, IA (zip code 51570), compared to 2 the prior year.

What is the median home price in SHELBY, IA 51570?

The median listing price in SHELBY, IA 51570 is $279,500 as of January 2026, a 99.6% increase from $140,000 the prior year.

How long do homes stay on the market in SHELBY, IA?

Homes in SHELBY, IA 51570 spend an average of 85 days on the market before going under contract, compared to 62 days the prior year.

Is it a seller's or buyer's market in SHELBY, IA 51570?

Based on current inventory and days-on-market data as of January 2026, SHELBY, IA 51570 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 62 days last year.

How much can I save on real estate commission in SHELBY, IA?

With SELL123.com's maximum 3% commission, sellers in SHELBY, IA 51570 save an estimated $5,590 compared to a typical 5% commission on the median listing price of $279,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.